GentsPDY has been the talk of the forum lately and thought of...

Gents
PDY has been the talk of the forum lately and thought of sharing some of my thoughts:

1. The simple question from ASX - who is the mystery investor? PDY cannot answer or delay answering.

2. Trading halt then shares suspension - generally indicates a few things but most prominent is investigation is underway regarding the details of ann - meaning it's likely to be negative rather than positive. It is also likely shares won't be trading tmrw, likely longer timeframe like weeks/months.

3. Investment in the port for midwest region/iron ore - as we all know FMG, RIO, BHP are all ramping up production and their cash cost is below $40/t. Why would someone want to put up $6B to fund this infrastructure - at what return? There are better ways to get return on the investment of $6B.

4. Others have tried eg Mitsubishi but shelved it.

5. SP trend down after ann suggesting those smart $$ have exited and the "mistakenly" worded ann helps those to get out at a profit. If the ann is good the SP wouldn't tank from open.

GLTA.

BTW, if the ann is good, there are a few other midwest companies that would benefit from the investment. You can DYOR by researching on google - I'll be targeting to buy those rather than PDY as it is likely to gap up (if good news) and then retrace.

cheers
pcyc